Ashtead Technology (#AT.) – recommended 615p per share offer
- 2026-10-21 06:59:00
UK 05:02 Thursday, 22 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Subsea technology outfit Ashtead (AT.) has served up a nasty profits warning. I say nasty because of the speed of decline of trading and because it talks about bodged bullshit earnings as opposed to cash generation ( or lack of it). the number crunching below looks grim.
Most recently writing on company describing itself as “a leading provider of subsea technology solutions to the global offshore energy sector” Ashtead Technology (AT.), in September with the shares down to 700p I concluded cautiously – noting there looked to be significant expectations already built into the valuation and which tend to lead to significant stock market disappointment if such expectations are not met. What about today a “Half Year Trading Update” from the company and the shares currently more than 20% lower in response towards 350p?
Describing itself as “a leading subsea equipment rental and solutions provider for the global offshore energy sector”, Ashtead Technology (AT.) has announced results for the first half of 2024 emphasising “extremely pleased to deliver another record trading performance as we build on the strong momentum seen through 2023” and “the outlook for our business remains positive given the strength of the global offshore energy market and our continued investment to support longer term growth”. So what of a current more than 10% lower share price response to 700p?
